Latest news with #DiCelloLevitt
Associated Press
13-02-2025
- Business
- Associated Press
INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Newmont Corporation (NYSE: NEM); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel
SAN DIEGO, Feb. 13, 2025 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed on behalf of all persons and entities who purchased or otherwise acquired Newmont Corporation (NYSE: NEM) ('Newmont' or the 'Company') securities between February 22, 2024 through October 23, 2024 (the 'Class Period'), charging the Company and certain senior executives with violations of the federal securities laws (collectively, 'Defendants'). Newmont investors have until April 1, 2025 to seek appointment as lead plaintiff of the Newmont class action lawsuit. If you purchased or acquired Newmont securities between February 22, 2024 through October 23, 2024, and suffered substantial losses, and you wish to obtain additional information or serve as lead plaintiff in this lawsuit, you may submit your information and contact us here: You can also contact DiCello Levitt attorneys Brian O'Mara or Hani Farah by calling (888) 287-9005 or emailing [email protected]. Those who inquire by email are encouraged to include their mailing address, telephone number, and the number of shares purchased. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. Case Allegations Newmont is a gold mining company and producer of copper, silver, zinc, and lead. The Company has operations and/or assets in North America, Africa, Australia, Latin America and the Caribbean, and Papua New Guinea. The Newmont lawsuit alleges Defendants misrepresented the Company's production capabilities and cost management. Newmont repeatedly highlighted the Company's Tier 1 portfolio and expressed confidence in delivering increased gold and mineral production while lowering costs. Moreover, Newmont minimized risks associated with operational and maintenance issues at the mines in addition to increased labor and energy costs. However, in truth, Newmont faced operational and technical challenges at several of its new Tier 1 assets, which resulted in lower production and higher costs than expected. The truth was revealed on October 23, 2024, when Newmont published a press release announcing disappointing EBITDA for the third quarter of 2024, in addition to decreases in production and increases in operating costs. Specifically, Newmont revealed that mining operations at its two Tier 1 assets would see lower production than originally guided with expectations of higher costs at these facilities. On this news, the price of Newmont's common stock fell 8.49 per share, or nearly 15%. About DiCello Levitt At DiCello Levitt, we are dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases – whether by trial, settlement, or otherwise – for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens' rights and interests. Every day, we put our reputations – and our capital – on the line for our clients. DiCello Levitt has achieved top recognition as Plaintiffs Firm of the Year and Trial Innovation Firm of the Year by the National Law Journal, in addition to its top-tier Chambers and Benchmark ratings. The New York Law Journal also recently recognized DiCello Levitt as a Distinguished Leader in trial innovation. For more information about the Firm, including recent trial victories and case resolutions, please visit Attorney Advertising. Prior results do not guarantee a similar outcome. Media Contact Amy Coker 4747 Executive Drive, Suite 240 San Diego, CA 92121 619-963-2426
Yahoo
05-02-2025
- Politics
- Yahoo
WWE facing another major lawsuit as infamous 'Ring Boys' scandal case allowed to proceed
The 'Ring Boys' lawsuit being brought against the WWE and its co-founders, President Donald Trump's Education Secretary nominee Linda McMahon and her husband Vince McMahon, is set to resume. The civil lawsuit, which claims the McMahons knowingly enabled the sexual exploitation of children by a longtime WWW employee, was subject to a temporary pause in the Maryland Supreme Court's ruling over the Child Victims Act. On Monday, justices voted four-three to preserve the act, eliminating the statute of limitations for victims of child sexual abuse to sue their alleged abusers. The McMahon family denies all allegations. The court's decision comes as Linda McMahon awaits her Senate confirmation hearing for Secretary of Education. Trump, who wants to dismantle the Department of Education, recently claimed McMahon should eventually 'put herself out of a job.' It means the lawsuit filed in Baltimore County on October 23 on behalf of five anonymous ex-ring boys, young employees tasked with building the wrestling ring before events, accusing the McMahons and the WWE of negligence for allegedly fostering a culture of sexual abuse can go ahead. DiCello Levitt, the law firm representing the victims, said additional ex-ring boys have since joined the suit, according to Fox Sports. Per the complaint, the WWE co-founders looked the other way for years after allegedly learning of a longtime ringside announcer preying on minors. Melvin Phillips, who died in 2012, is accused of targeting boys – as young as 12 or 13 years old – from disadvantaged backgrounds and hiring them to help with the preparations for wrestling matches, according to the filing. The lawsuit alleges that between the late 1980s and early 1990s, Phillips would assault the ring boys in his dressing room, hotels and the wrestlers' locker room. Because of his death, Phillips is not among the named defendants. Instead, the complaint targets the WWE, its co-founders and parent company TKO Holdings. 'That so many were aware of the sexual abuse of the Ring Boys and did nothing to prevent or stop it is simply unconscionable,' Greg Gutzler, an attorney from DiCello Levitt who represents the five unnamed plaintiffs, told The Independent in October. McMahon's attorney Laura Brevetti told CNN in November that the the ring boy lawsuit is 'baseless'. 'Ms. McMahon will vigorously defend against this baseless lawsuit and without doubt ultimately succeed,' Brevetti said. Another blockbuster lawsuit against the WWE and Vince McMahon by former employee Janel Grant also advanced in recent days after it was amended to include the name of a former WWE champion Brock Lesnar. In the 104-page lawsuit, Grant now alleges that she was offered to Lesnar 'for a sexual encounter' during his contract negotiations with the WWE. In addition, Grant alleges that she was told to send sexual content to the former WWE champion. The lawsuit was submitted to the U.S. District Court in Connecticut. Grant alleges that the WWE was negligent in allowing McMahon's behavior to go on unchecked. One of the men previously named in the lawsuit, John Laurinaitis, claims that he too was a victim of McMahon. Another WWE legend, Michael Hayes, is also named in the new filing with Grant alleging that McMahon told her to make pornographic content for him. At the time, Hayes worked as part of the wrestling company's creative team. The Independent has contacted the WWE and Brevetti, Linda McMahon's lawyer, for more information.
The Independent
05-02-2025
- Politics
- The Independent
WWE facing another major lawsuit as infamous 'Ring Boys' scandal case allowed to proceed
The 'Ring Boys' lawsuit being brought against the WWE and its co-founders, President Donald Trump 's Education Secretary nominee Linda McMahon and her husband Vince McMahon, is set to resume. The civil lawsuit, which claims the McMahons knowingly enabled the sexual exploitation of children by a longtime WWW employee, was subject to a temporary pause in the Maryland Supreme Court's ruling over the Child Victims Act. On Monday, justices voted four-three to preserve the act, eliminating the statute of limitations for victims of child sexual abuse to sue their alleged abusers. The McMahon family denies all allegations. The court's decision comes as Linda McMahon awaits her Senate confirmation hearing for Secretary of Education. Trump, who wants to dismantle the Department of Education, recently claimed McMahon should eventually 'put herself out of a job.' It means the lawsuit filed in Baltimore County on October 23 on behalf of five anonymous ex-ring boys, young employees tasked with building the wrestling ring before events, accusing the McMahons and the WWE of negligence for allegedly fostering a culture of sexual abuse can go ahead. DiCello Levitt, the law firm representing the victims, said additional ex-ring boys have since joined the suit, according to Fox Sports. Per the complaint, the WWE co-founders looked the other way for years after allegedly learning of a longtime ringside announcer preying on minors. Melvin Phillips, who died in 2012, is accused of targeting boys – as young as 12 or 13 years old – from disadvantaged backgrounds and hiring them to help with the preparations for wrestling matches, according to the filing. The lawsuit alleges that between the late 1980s and early 1990s, Phillips would assault the ring boys in his dressing room, hotels and the wrestlers' locker room. Because of his death, Phillips is not among the named defendants. Instead, the complaint targets the WWE, its co-founders and parent company TKO Holdings. 'That so many were aware of the sexual abuse of the Ring Boys and did nothing to prevent or stop it is simply unconscionable,' Greg Gutzler, an attorney from DiCello Levitt who represents the five unnamed plaintiffs, told The Independent in October. McMahon's attorney Laura Brevetti told CNN in November that the the ring boy lawsuit is 'baseless'. 'Ms. McMahon will vigorously defend against this baseless lawsuit and without doubt ultimately succeed,' Brevetti said. Another blockbuster lawsuit against the WWE and Vince McMahon by former employee Janel Grant also advanced in recent days after it was amended to include the name of a former WWE champion Brock Lesnar. In the 104-page lawsuit, Grant now alleges that she was offered to Lesnar 'for a sexual encounter' during his contract negotiations with the WWE. In addition, Grant alleges that she was told to send sexual content to the former WWE champion. The lawsuit was submitted to the U.S. District Court in Connecticut. Grant alleges that the WWE was negligent in allowing McMahon's behavior to go on unchecked. One of the men previously named in the lawsuit, John Laurinaitis, claims that he too was a victim of McMahon. Another WWE legend, Michael Hayes, is also named in the new filing with Grant alleging that McMahon told her to make pornographic content for him. At the time, Hayes worked as part of the wrestling company's creative team. The Independent has contacted the WWE and Brevetti, Linda McMahon's lawyer, for more information.
